1,400 per cent dividend announced: Don’t miss the record date!

Dividend-paying companies are always valued in the stock market as they share profits with their shareholders.

On April 25, 2023, Bajaj Auto Limited announced its quarterly and annual results for the year ended March 31, 2023. The revenue of the company for Q4FY23, stood at Rs 8660.99 crore which grew by 12.07 per cent YoY. The operating profit of the company stood at Rs 1920.71, growing 16.44 per cent YoY while the PAT of the company grew by 11.7 per cent YoY staying at Rs 1704.74 crore.

The board of the company has also approved a dividend at the rate of Rs 140 per share (1400 per cent) of face value of Rs 10 each on equity shares for the financial year ended March 31, 2023. The said dividend, if declared by the shareholders at the ensuing Annual General Meeting, will be credited on or around July 28, 2023. The company has kept the record date on June 30, 2023.

Today, the stock of Bajaj Auto Limited opened at Rs 4300.60, with a high and low of Rs 4320.60 and Rs 4300.30, respectively. Currently, the stock is trading at Rs 4300.60, up by 0.14 per cent. The stock has a 52-week high of Rs 4375 and a 52-week low of Rs 3461.30.

Bajaj Auto is an Indian company which manufactures motorcycles, three-wheelers and quadricycles. Bajaj Auto is ranked as the world's third-largest motorcycle manufacturer and its largest three-wheeler and quadricycle manufacturer.